Why lease?

At Newgate, we’re asked this question all the time especially now with energy prices rising and the general cost of living increasing so quickly. With so much uncertainty about what costs will be, it’s difficult to budget accurately.

With a lease, your monthly payments are fixed and this can include breakdown, servicing and tyres. All you pay for is fuel / charging costs and insurance.

So our estate agent story might sound corny however it really is worth thinking about.  Would you really want to purchase a car which immediately reduced in price as soon as you drove it away from the dealership?

6 good reasons to lease your car

 1. Interest rates projected to keep on rising – rates are fixed for the duration of the lease

 2. Servicing costs projected to rise –  with a lease, again costs are fixed for the agreed length of the lease

 3. With materials and commodity prices projected to rise (oil/rubber/tyres), once you enter a lease, the costs remain fixed

 4. Second-hand values are now predicted to fall – with a lease, you remain unaffected by this as depreciation costs remain fixed

 5. New-car prices rising as car showroom discounts are reduced – Newgate’s 25 year history of special manufacturer discounts for clergy continues

 6. New car technology constantly evolving with petrol, hybrid and electric vehicles.  Do you really want to be stuck with an out of date car you bought 4/5 years ago?

We hope you’ve found this useful and if you’d like more detailed information on leasing and how it works, contact us now.

We’re always here to help so get in touch anytime.

Best wishes

Newgate

(August 2022)